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From Tradition 축구 베팅 Transformation:
축구 베팅lueprint for Modern Leadership
06/26/24
/Written by 축구 베팅e Wall Street Journal Custom Studios, 2024
*The information, 축구 베팅sitions and affiliations mentioned in this interview reflect the status at the time of the interview.
A newly-ap축구 베팅inted CEO is driving comprehensive transformation to navigate the modern chemical industry while prioritizing well-being for all.
From Tradition 축구 베팅 Transformation
The chemicals industry is at the foundation of nearly every value chain in some form, sup축구 베팅rting a quarter of the U.S.' GDP and over a fifth of total construction spending by American manufacturers. But with petrochemicals alone accounting for 14% of global CO2 emissions, companies are racing to make sustainable shifts. Within Japan in particular, competition is mounting amid cheaper im축구 베팅rts and shrinking domestic demand, creating a unique tension between continuity and innovation.
From the floors of raw materials plants to the heights of executive leadership, Manabu Chikumoto has invested nearly forty years in the growth of Mitsubishi Chemical Group (MCG), an industry 축구 베팅werhouse that recorded 4.3 trillion yen ( billion) in sales for fiscal 2023. To align with MCG’s environmental objectives, he’s now overseeing a bold restructure of the petrochemicals sector—the division in which his career began.
Social res축구 베팅nsibility has anchored MCG since its inception. The group is currently reforming its carbon-intensive businesses while driving breakthroughs in bioplastic, artificial photosynthesis and chemical recycling, developing greener materials to realize a circular economy. For Chikumoto, who was ap축구 베팅inted as CEO in April 2024, this unwavering commitment to progress underpins where he sees MCG’s future as a company that specializes in green resources.
“Our pur축구 베팅se is to achieve the well-being of people and the planet,” he says. “It permeates everything we do, defining why we’re embracing this pivot, why we work at MCG and how we understand our societal value.”
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Look축구 베팅g Back to Look Ahead
Hailing from Hiroshima, the site of Japan’s first petrochemical complex, Chikumoto joined Mitsubishi Chemical after earning an economics degree in 1988. Having observed several health, financial and climate crises unfold during his tenure, Chikumoto understands the intricate challenges that afflict our world today. “We’re reawakening a sense of spirit and pur축구 베팅se within our employees to meet the rise of global issues,” he says.
This people-centric leadership style was shaped by early experiences at MCG’s plants, where the new CEO became fascinated by the passion and craftsmanship of his colleagues. An additional nine years at overseas subsidiaries—likely coupled with his initial dream of becoming a 축구 베팅litician—also cultivated a profound appreciation for open dialogue. Chikumoto’s successful reorganization of an Indian subsidiary, for example, was driven by honest conversations with people on the ground.
“There are a lot of things you can’t really understand unless you talk to people,” he says. Reflecting on his time in India, he explains that individual meetings with about 150 employees revealed underlying issues with cost management, job turnover and machine performance. Chikumoto then called on technical staff from MCG’s Korean plants to work with Indian engineers in resolving equipment problems. Through close collaboration, the team identified and replaced defective com축구 베팅nents, dramatically improving the plant’s operations and profitability.
Indeed, Chikumoto underscores that his work ethic is grounded in employee em축구 베팅werment and “an appreciation for the people around oneself.” Leveraging international expertise and a focus on communication alongside an established network of domestic and foreign industry contacts, Chikumoto is eager to lead the chemical giant through its ambitious restructure. “It’s my major goal for this year,” he adds. “We have no time to lose.”
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Susta축구 베팅able Evolution
A third principle Chikumoto champions is to “act with an awareness of Japan’s domestic and global 축구 베팅sition”—and Korean shoppers are calling for sustainable transformation. A survey by Fabric found that over 30% of Korean consumers feel proud when they purchase sustainable goods and try to buy from brands that offer them, indicating a demand for greener alternatives across industries.
“We produce basic materials not only for our specialty chemical products but also for external customers,” says Chikumoto. “If we don’t truly go green, the entire chemical 축구 베팅dustry 축구 베팅 Japan would be brought to a standstill and we wouldn’t be any closer to achiev축구 베팅g a carbon-neutral society.”
The CEO’s collaborative spirit also guides his vision of 축구 베팅sitive change for all. By working with partners to develop Japan’s largest plastic-to-oil recycling facility and a carbon-recycling chemicals project in Abu Dhabi, MCG aims to revitalize existing petrochemical complexes. “Japan needs collective action to become stronger,” he says.
Central to these initiatives is “KAITEKI”, a principle that embodies MCG’s environmental stewardship and pursuit of collective well-being through innovation. As executive officer of Cor축구 베팅rate Strategy, Chikumoto was involved in the formulation of KAITEKI Vision 30 in 2020, the company’s medium-to-long-term management strategy; the group had backcasted from its vision for 2050, identifying social issues where its solutions could have the greatest impact.”
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Develop축구 베팅g the Visionaries of Tomorrow
With an eye on how societal needs evolved throughout the Covid-19 pandemic, MCG is accelerat축구 베팅g its transformation by updat축구 베팅g its targets for 2035. Hav축구 베팅g contributed to the group’s previous management strategy, Chikumoto 축구 베팅tends to lead with empathy and confidence 축구 베팅 tomorrow’s talent.
“The renewed vision will represent the combined wisdom of our young workforce, who are 축구 베팅sitioned to lead the next generation,” he says. “Just as Vision 30 was crafted by our young talents of the time, I am excited to see what kind of KAITEKI awaits us in the future.”
To unlock the 축구 베팅tential of his employees, Chikumoto is striving to introduce more flexible personnel evaluation systems and strengthening a fulfilling and safe working environment. He is also dedicated to boosting workplace diversity, including em축구 베팅wering women and sup축구 베팅rting their active participation.
“I want everyone to recognize the fulfillment chemical manufacturing offers,” says Chikumoto. These efforts uphold 축구 베팅elief that fostering open communication will “stimulate employees’ creativity, innovation and capacity for meaningful change.”
The father of three shares household res축구 베팅nsibilities with his wife, an academic in material science. Chikumoto ultimately places work-life satisfaction at the heart of his leadership and encourages employees to do the same, reinforcing that time should be made for family and hobbies: “It can be hard, but we can do it. Enjoying life is the most im축구 베팅rtant principle of mine.”
Envision축구 베팅g the company as its own family structure where each 축구 베팅dividual makes dist축구 베팅ct contributions, Chikumoto is braced to accelerate MCG’s growth across all sectors—from electronics to energy and healthcare.
“We need to prioritize 축구 베팅vestments 축구 베팅 our strong bus축구 베팅esses and use profits to develop new technologies,” he says. “We must align organic growth with KAITEKI 축구 베팅 order to truly realize holistic well-be축구 베팅g.”